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165 IBC liquidation cases saw 94% asset value erosion since 2016: Report

It is surprising as the lenders mostly lend loans keeping in mind the margin and the promotor's contribution

IBC, NPAs, insolvency, bankruptcy, companies
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Illustration: Binay Sinha

BS Web Team New Delhi
Businesses that filed for liquidation after getting bankrupt saw a value erosion of 94 per cent of the creditor claims, a report by The Times of India (TOI) said, citing data from the Insolvency and Bankruptcy Board of India (IBBI).
 

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First Published: Feb 20 2023 | 11:32 AM IST

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